Dejour Energy, Singapore company to jointly develop Colorado properties

|About: Dejour Energy Inc. (DXI)|By:, SA News Editor

Dejour Energy (DEJ) +18.3% AH on news it signed a letter of intent with a private Singapore company to jointly develop oil and gas properties in Colorado.

The company, identified only as Seco, will initially invest up to $27.5M in 2014 and 2015 in exchange for an 85% stake in DEJ’s interests in its Colorado leaseholds, primarily the Kokopelli prospect.